Vice President Kashim Shettima has publicly commended the Shell group for its significant and ongoing investments in the Nigerian economy.
The Vice President offered this praise during a visit to the company’s exhibition stand at the opening ceremony of the 31st Nigerian Economic Summit (NES), which is currently taking place in Abuja. He specifically expressed his pleasure with Shell’s strategic investments in deep-water oil and gas projects, highlighting the substantial $5-billion Bonga North development as a key example.
The massive Bonga North project is moving forward as planned, with work currently in progress following the Final Investment Decision (FID) that was officially taken early last year.
Shell’s exhibition at the summit is designed to complement its participation in the policy discussions and features the diverse operations of several of its key Nigerian entities. These include Shell Nigeria Exploration and Production Company Ltd (SNEPCo), which manages the deep-water assets; Shell Nigeria Gas (SNG), which focuses on domestic gas distribution; as well as its sustainable energy partners, All On and Daystar Power.
Vice President Shettima, who had earlier declared the summit open on behalf of President Bola Ahmed Tinubu, received a detailed briefing on the contributions of these Shell companies to the overall economic development of Nigeria, with a particular focus on the energy sector.
The Vice President was accompanied on the tour by a high-level delegation, including the Minister of Finance and Coordinating Minister of the Economy, Wale Edun; the Minister of Trade and Investment, Jumoke Oduwole; and the Emir of Kano, Sanusi Lamido Sanusi.
Speaking during the tour, Business Value Manager Chidi Nkazi, who conducted the VIPs around the exhibition stand, also highlighted the broad impact of Shell’s social investment programs across critical areas such as health, education, and employment generation.
“Every year our operations generate revenues which are used to finance development,” Chidi stated, providing a concrete figure to underscore the company’s fiscal contribution. He added, “In 2024 alone, Shell Companies in Nigeria paid $1.208 billion in taxes and royalties to the Federal Government.”
